Tag : Employee Stock Ownership Plan

Eastern Bank Provides Financing For Raycon Construction, Conversion To An Employee-Owned Company
Banking News

Eastern Bank Provides Financing For Raycon Construction, Conversion To An Employee-Owned Company

Business Wire
by Business Wire0
Eastern Bank is pleased to announce it has provided the financing to facilitate Raycon Construction, LLC’s sale of 100% of its stock to a newly formed Employee Stock Ownership Plan (ESOP). Founded in 2007, Raycon Construction is one of the largest privately-owned concrete construction contractors in the Northeast. Eastern Bank is......
Katahdin Bankshares Announces Stock Buyback Program, Up to $2.0 Million
News Stock Market

Katahdin Bankshares Announces Stock Buyback Program, Up to $2.0 Million

Fintech News Desk
by Fintech News Desk0
Katahdin Bankshares Corp., parent company of Katahdin Trust Company, a community bank founded in 1918 serving northern Maine and the greater Bangor and Portland regions, announced that its Board of Directors has approved a Stock Buyback Program. The Program authorizes the purchase of up to $2,000,000 of the Company’s outstanding shares of Common Stock through December 31, 2022.......
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